E-Power Resources (CSE:EPR) is raising up to C$200,000 ($225,224) through two placements with a flow-through offering and a hard dollar offering to expedite exploration across the Tetepisca Graphite property in Québec.
Raising up to C$150,000, the flow-through offering will consist of up to 3 million flow-through units at a price of C$0.05 per unit, comprising one share with one-half warrant. Warrants will entitle the holder to acquire one share at C$0.10 per share for five years from the closing date (20 June).
The other placement will offer up to 1 million hard dollar units at a price of C$0.05 per unit, which offers the holder one share in the company as well as one full warrant under the same stipulations.
Both placements are subject to the applicable four-month and one-day period.
Funds raised will be allocated towards exploration expenses at the namesake property of the Tetepisca Graphite District in the North Shore Region of Québec.
E-Power first acquired the Tetepisca Graphite property, which hosts 230 claims over an area of 12,620 hectares, from local prospectors in 2019.
Expected to surge with the global demand for lithium-ion batteries and active anode material, graphite is many stacked layers of graphene compressed into the crystalline form of carbon.
The global market sees graphite increasing with a compound annual growth rate of 6.9%, surging from US$8.32 billion in 2025 to US$13.35 billion ($20.53 billion) by 2032, as reported by Mining.com.au.
In 2024, roughly 1.3 million tonnes of natural graphite was produced globally, as well as more than 3 million tonnes of synthetic graphite.
Write to Maddison Elliott at Mining.com.au
Images: E-Power Resources
